secwatch.observer — SEC 8-K summary
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Issuer:     Addus HomeCare Corp (ADUS)
CIK:        0001468328
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001193125-24-268958
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Addus completes $350M acquisition of Gentiva personal care business, adds ~$280M annual revenue
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- Purchase price of $350M in cash funded via revolving credit facility and portion of June 2024 public offering proceeds.
- Acquired operations serve over 16,000 consumers per day in seven states: AZ, AR, CA, MO, NC, TN, TX.
- Addus becomes the largest personal care provider in Texas, a new market.
- Transaction expected to be accretive to Addus financial results with annualized revenue of ~$280M.
- Integration teams have been working over six months; company continues M&A strategy for 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468328/000119312524268958/0001193125-24-268958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468328/000119312524268958/d895394d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-268958

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